Where ownership transition enables operating evolution in small cap
We invest in high-quality, cash-generative small-cap businesses at moments where ownership, leadership or operating model must evolve to realise their full potential.
These moments are common in small-cap businesses, yet often underserved by patient, execution-focused capital. Hanover combines deep small-cap investment experience with in-house operating capability to work hands-on with management teams — bringing clarity, governance and execution discipline that enable capable businesses to perform at a higher level and unlock sustainable value.
Where we invest
High-quality small-cap businesses.
Cash-generative and resilient.
Moments of transition.
How we create value
Ownership transition.
Operating evolution.
In-house operating partners.
Focus on execution.
Investment parameters
£15-50m equity.
Control positions in private companies.
Influential positions in public companies.
UK & Nordics headquartered.